Bonus Watch: UBS, Goldman and Citigroup

Some top investment bank execs are giving up their bonuses. A quick look:

Seven Goldman Sachs heads, including CEO Lloyd Blankfein, will be taking just their salary for 2008, according to the WSJ. More:

After months of internal debate at Goldman, the seven top executives at the firm, including Chief Executive Officer Lloyd Blankfein, asked the board's compensation committee to grant them no bonuses. The board approved the request on Sunday.

The executives will only be eligible for their base salaries, $600,000 for each. A firm spokesman said the executives felt it was "the right thing" to do.

"While the firm has distinguished itself through many aspects of the crisis, we cannot ignore the fact that we are part of an industry that is directly associated with the ongoing economic distress," the firm spokesman said late Sunday.

UBS followed suit, including changes to its bonus structure. From the FT:

Starting from 2009 UBS top managers’ bonuses will be blocked for at least three years instead of being paid immediately. Managers will receive variable compensation if UBS results warrant.

And lastly, Citigroup. On a day when the bank held a town hall meeting that included plans to cut more than 50,000 jobs, there is no word yet on whether top execs there will follow their more profitable rivals in sharing the pain felt by thousands of employees.